Finance
Gerresheimer Rejects Takeover Bid From US Packing Firm Silgan, Say Sources
Published by Global Banking & Finance Review®
Posted on April 17, 2026
2 min readLast updated: April 17, 2026
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Gerresheimer has rejected a non‑binding takeover approach from U.S. packaging rival Silgan and says discussions have ceased. The German firm is instead directing its efforts toward resolving accounting irregularities and completing the sale of its U.S. subsidiary, Centor.
Exclusive-Gerresheimer rejects takeover bid from US packing firm Silgan, sources say
Details of the Gerresheimer and Silgan Takeover Bid
Background of the Takeover Attempt
MUNICH, April 17 (Reuters) - German medical packaging maker Gerresheimer has rejected a takeover bid from its U.S. rival Silgan, three sources familiar with the situation told Reuters.
Current Status of Negotiations
There are no longer any talks between the two companies, according to the sources.
Market Reaction
Shares in Gerresheimer were down 5.4% on the news before paring losses and swinging slightly into positive territory.
Company Strategies and Statements
Gerresheimer's Focus and Plans
One source said that Gerresheimer wants to focus for now on resolving its accounting problems and selling its U.S. subsidiary Centor.
Details of Silgan's Offer
Reuters reported in March that Silgan had signalled an interest in taking over Gerresheimer with a non-binding offer of 41 euros ($48.31) per share, more than double the current share price.
Official Comments
A Gerresheimer spokesperson said the company does not comment on market rumours. Silgan did not respond to a request for comment.
Additional Information
($1 = 0.8488 euros)
(Reporting by Alexander Huebner, Christoph Steitz and Anneli Palmen, writing by Miranda Murray and Linda Pasquini, editing by Friederike Heine and Thomas Seythal)
Key Takeaways
- •Gerresheimer declined Silgan’s overture—Silgan had proposed ~€41/share, over twice the prevailing share price, but talks are now off the table. (trustfinance.com)
- •Gerresheimer is focused on addressing accounting issues: it delayed publication of its 2025 results, launched internal and external probes into revenue recognition, and expects significant corrections. (gerresheimer.com)
- •The company has initiated the sale of U.S. arm Centor to strengthen its capital and financing structure, with broad creditor support and an expected closing by year-end. (gerresheimer.com)
References
Frequently Asked Questions about Gerresheimer rejects takeover bid from US packing firm Silgan, say sources
1Who made a takeover bid for Gerresheimer?
US-based packaging firm Silgan made a takeover bid for Gerresheimer.
2What was the value of Silgan's offer for Gerresheimer?
Silgan made a non-binding offer of 41 euros per share for Gerresheimer.
3Why did Gerresheimer reject the takeover bid?
Gerresheimer rejected the bid to focus on resolving its accounting issues and selling its US subsidiary Centor.
4Are further talks between Gerresheimer and Silgan taking place?
No, there are currently no talks ongoing between Gerresheimer and Silgan.
